Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from KickPad and our guest was @Kickdev. The AMA took place on 20th March.
The AMA session was divided into 3 parts with a total crypto reward pool of 500$
In this AMA Recap we will try to summarise the most interesting points for you.
Part 1 — introduction and questions from the Telegram community
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with KickPad! Welcome to Satoshi Club😀
Gold Rocket | Satoshi Club: Hello, dear Satoshi Clubbers!
We are pleased to announce our AMA with KickPad😊
Today our guest is @Kickdev!
Kick Dev: Hi all, happy to be here. Thanks for hosting us, and hello to all the listeners 💪🙏
Gold Rocket | Satoshi Club: Welcome to Satoshi Club @Kickdev!😊
Mary | Satoshi Club: Welcome here 👍 how’s going?
Kick Dev: Doing great, life is good. What else can we say
Mary | Satoshi Club: We can say let’s start our AMA 🚀🚀🚀
Gold Rocket | Satoshi Club: Tell us a bit about yourself before we hear about KickPad
How did you get to be involved in crypto & KickPad?😊
Kick Dev: Great question to start with – I’ve been involved in crypto for years now, and as most I started out just trading tokens here and there. I had a background in tech and development, so that’s what drew me in to the space.
KickPad got my attention during the early days of Uniswap (months ago). The idea arose during all the “Bounce” presales that ended up rugging and scamming many buyers out of their money
Mary | Satoshi Club: Do you have background in launchpads?😉 Or it’s you first experience?
Kick Dev: We thought “why not just make a presale platform that automatically locks liquidity”? And that’s where it all began.
Mary | Satoshi Club: Wise decision 😀 we are so tired of rug pulls
Gold Rocket | Satoshi Club: Sounds like the beginning of a good story😁
Kick Dev: Yes, we have a strong group of partners and advisors we have been able to get on board. We’ll slowly release these big names as we get closer to launch, but they have been able to bring in huge amounts of IDO and Launchpad knowledge.
Yeah, we never realized why there was no system that auto-locked the liquidity after a presale. Now there is 🙂
Mary | Satoshi Club: It’s really cool! We will wait for that names 👍
So simple and so long time to understand what we need😀
Kick Dev: Orion is the first name we had released, but there are plenty of other strong supporters – we can’t wait to make the news public.
Mary | Satoshi Club: It’s really big name😉
So, how would you introduce KickPad in one sentence?😉
Kick Dev: Yes, they do bring us a lot of value. Not only in name recognition, but a lot of technical partnerships and support. They’re a great team to have on board.
Gold Rocket | Satoshi Club: Orion will soon come to our AMA 😍
Please tell us more about your team …
Mary | Satoshi Club: And we had them here before, so we know😉
Gold Rocket | Satoshi Club: Yes, these are our good friends and partners. 😊
Kick Dev: So Kick is an ecosystem of 2 parts. Part 1 is our main focus: the IDO Launchpad. Part 2 is the open-source presale platform that locks liquidity. We focus more on the IDO Launchpad because it is more involved and can bring a lot of value to the community. The “rugproof presale” platform is just an extra bonus for everyone.
Mary | Satoshi Club: Very nice bonus i need to tell😀
Kick Dev: Our base team consists of a few developers who love creating cool things.
We have 4 marketing members who put together great content and engage with the community.
Our executive team focuses on securing partnerships and working with advisors.
The best part of our team is not actually our “immediate/base” team. Instead, we are very proud to say that the real backbone of KickPad is the partners, advisors, and support base we have from them.
We will release a few partnerships each day leading up to launch. We hope the community sees these and realizes just how much effort everyone has put in to make a superstar team.
Mary | Satoshi Club: Sure! Also, as i understand team is anonymous, right?
Gold Rocket | Satoshi Club: Thank you very much for your answers and your great intro! If you are ready we can start with questions from the community :)🚀
Kick Dev: We have kept things on the down-low for the past 2 weeks or so. We did not want to release any information at all (about anything 😁) until this week. Now begins the barrage of announcements, news, and press releases.
Mary | Satoshi Club: Gotcha! Thank you!😀
Kick Dev: Yes, our base team is anonymous, but is “known” in the community. Our members have been involved in many projects in the past, in many different roles.
We want to make a distinction between “anonymous” and “degen/scam” teams. I think our partnerships and the people that vouch for us make that distinction very clear.
Many great projects have been anon – think of BAO, Sushiswap, etc. There is a lot of talent and quality work that legit anon teams can provide, if vetted properly and strictly.
Mary | Satoshi Club: You’re right, it really changes the mind
Kick Dev: Let’s do it!
Q1 from Telegram user @Pratze
I’ve heard similar project which also work for token lock and lock liquidity in DEFI, so can you explain what makes Kick Finance different with other lock project? Can you share to us what project that already collaborated with Kick Finance to lock their liquidity after presale?
Kick Dev: Great question. Let me break this down into a few parts.
Mary | Satoshi Club: Sure👍
Kick Dev: Part 1: Let’s remember that the main focus with KickPad is the IDO Launchpad that we are putting together. KickPad holders will be guaranteed allocation to these quality IDO launch sales. So most of our focus is on this part of the platform.
Part 2: The KickDex (presales with auto liquidity locking) is a secondary part of our ecosystem, which is open to everyone.
Part 3: The current projects that “lock tokens” and “lock liquidity” may lock up team tokens, or lock up liquidity tokens AFTER the presale is finished and ONLY IF the team wants to lock it.
Our platform does this automatically – so the team has no ability to run away with the liquidity tokens or sale funds (unless they do it another way)
Mary | Satoshi Club: Will non KickPad holders be available to get allocation?
Kick Dev: Imagine this:
With the current presale process, you basically pay someone your BNB or ETH, and you HOPE AND PRAY that they will lock the liquidity. Your funds are at risk.
With the KickDex, the funds automatically go onto Pancakeswap and are locked as liquidity, so that liquidity is guaranteed to be added and locked.
Mary | Satoshi Club: Hope and pray😂😂😂 you describe situation as it is
Kick Dev: There was a statistic we read where over 80% of all presales ended up as rugpulls. That is a ridiculous number! We aim to reduce that.
Why would you do a presale on any other platform, where you can rugpull? Just use Kick and re-assure everyone. That’s the narrative we like.
Gold Rocket | Satoshi Club: you have good motives
Kick Dev:I think it will be good to discuss the IDO Platform now. Since it is our main focus.
Gold Rocket | Satoshi Club: Indeed 😊
Mary | Satoshi Club: Ok😀
Kick Dev: For the IDO Launchpad, the sales are broken up in 2 parts:
-A private sale (higher tier)
-A public sale (lower tier)
Everyone who stakes over X tokens will be guaranteed allocation in the private sale.
Everyone who holds over X tokens will be guaranteed allocation in the public sale.
We hate the idea of “lottery system” for getting into IDO presales. It is abused, cheated, and people put their own wallets as lottery winners. It is not transparent at all!
With KickPad, you are 100% guaranteed a spot. Each and every time.
Gold Rocket | Satoshi Club: Sounds great 👍
Kick Dev: This goes back to our idea of “transparency and fairness”.
Mary | Satoshi Club: But holding tokens is required, without them no chances, right?
Kick Dev: Correct. The utility of the KickPad tokens is that you must hold or stake it in order to get into the IDO sales.
No tokens, no allocation.
Mary | Satoshi Club: Thank you, it’s clear 👍
But it’s honest for your users😀
Thank you for your answers! Ready to proceed?😀
Kick Dev: Let’s do it
Q2 from Telegram user @Korry
l Can you describe about how much fee that Kick finance will charge from a project who want to use your service ? And beside fee from lock liquidity, is there any other feature that can generate revenue for maintain Kick Finance project?
Kick Dev: Good question. The IDO Launchpad currently does not take a fee or commission of the sales. The open-source “rugproof presale” platform does take a 1% fee from the seller. Other than that, nothing. Even the liquidity locking is free and fee-less, unlike *other* platforms out there.
Mary | Satoshi Club: Not so much😀
What about projects? Did you already find first which will make sale on your platform?
Kick Dev: This is the part that we are most exited for. We have 3 HUGE projects lined up and ready to launch though the IDO Lanchpad.
Mary | Satoshi Club: Wow! I want to hear this news 😉
Btw, what are the requirements for projects?
Kick Dev: We do not want to release the exact details yet, however, since it is better for our marketing to keep the information on the down-low. Our partners and advisors have been informed of the projects, but we will release all to the public within the next few days.
Mary | Satoshi Club: Oh, this marketing teams, they always have secrets😭
Kick Dev: Let’s just say one of the projects basically has its own “brain”. The second is “fun to play”. The third is “very rare and collectible”.
Gold Rocket | Satoshi Club: Don’t forget to share with Satoshi Clubbers when possible.😊
We are intrigued😁
Mary | Satoshi Club: It’s a hint😂
Kick Dev: That’s all we will say for now. But as we all know, an IDO Launchpad is only as good as the projects that launch through it. And based on these first 3 we have lined up, we feel very good.
Now that we’ve covered the first 3 projects we have ready to launch, let’s talk a bit about how we “vet” and “select” our IDO projects.
Mary | Satoshi Club: We are patiently waiting 😂
👍
Kick Dev: The process is strict. It is stringent. And it is aimed at transparency.
Teams will have to:
-Complete 2 audits
-Pass a preliminary manual overview
-Pass an interview
-Make all code public
-Pass through a committee overview process
Failure in any of the above stages will disqualify any team from our IDO.
Mary | Satoshi Club: Really strict rules, to be honest, i like them😀
Who will be the Head of committee?😉
I think no one scammer will pass this and then lock liquidity, they won’t have any sense to launch on your platform 😀
Kick Dev: Our committee currently consists of our core dev team, 3 of our trusted advisors, 2 of our strategic partners. We will later add functionality where top-holders of KickPad token will also be added to the committee.
Mary | Satoshi Club: Nice structure!
Kick Dev: It is important to note that there is always inherent risk in crypto. People are creative in how they scam or abandon projects. All we can do is do our best to minimize the chances. And we are trying hard.
Mary | Satoshi Club: There is no insurance from abandoned projects 🤷
Kick Dev: Another thing I want to add on this “selection” process is that there are 2 parts of this:
-Technical selection
-Economic selection
Our team will focus a lot also on selecting projects that have strong business-case and good tokenomics for success. Many projects fail, not because they are bad technically, but fail because their tokenomics are not favorable for success.
Kick Dev: We know that strong tokenomics and marketing can help projects have even better success. Therefore that is one of the biggest things our committee will look for.
Mary | Satoshi Club: That’s right. A big work should be done👍
Thank you for your answers! Ready to go to the next question?😀
Kick Dev: Absolutely.
Q3 from Telegram user @MihaiPisica
Investing in small caps is risky by nature, but you have to consider the potential reward which is enormous. Your private and I thought it would launch on an exchange after the private sale but there is another exclusive presale before that? So the main question is – how will we likely buy Kickpad? Will Kickpad Ido be held on Duckstarter or something similar? Or will you do your IDO on a Launchpad with those lottery systems?
Kick Dev: So, I think after this question we can address some speculation about a partnership with DuckDAO. We won’t say anything here, but I would advise everyone to keep a look out for announcements in the next hour. Maybe some news will come out. 😏
With that said, here is a direct answer to the “how can I buy KickPad”:
We will have a whitelist event starting tomorrow.
The whitelist event will be posted in our TG channel as well as our social medias. Winners of this whitelist will get early access to purchase KickPad token.
Mary | Satoshi Club: Oh, one hour to wait😀
Kick Dev: After the whitelist sale is done, we will sell another portion of tokens, which will be open to the public (free to anyone).
Both of these sales will be on our site.
Mary | Satoshi Club: Thank you! Everything is clear for me😀 we just need to wait!
A bit
Kick Dev: Yes, so the process will go:
-Apply for whitelist
-Whitelist Sale
-Public Sale
-Then token added to Pancakeswap
Mary | Satoshi Club: Which timeframe do you have to finish everything?
Kick Dev: The whitelist event will run for 3-4 days. After that, the sale begins.
Mary | Satoshi Club: And public sale will be immediately after whitelist sale?
Kick Dev: Yes correct.
Mary | Satoshi Club: Ok! Thanks! Ready to jump to the next question? P.s. and good luck for everyone who wants to be whitelisted 👏
Kick Dev: Ready for sure
Q4 from Telegram user @AmirJosh
KICK is a presale platform for Binance Smart Chain that automatically locks liquidity after a sale finishes. What if the IDO failed to reached the projects soft cap or hardcap? What will happened if the sales turnout is way behind the clients expectations?
Kick Dev:That’s a great technical question. Basically he is asking “what happens to our money if the sale doesn’t finish? Do we lose our funds?”
Short answer is: You will be just fine, and funds will be returned to everyone if sale does not fill.
Mary | Satoshi Club: Is this process also automatic?
Kick Dev: There are 2 scenarios:
-On the IDO, if a sale does not fill, then all the unsold tokens are returned to the seller and everyone who bought them gets their tokens.
-On the “rugproof presale” (KickDEX), if a sale does not finish within 7 days, everyone can withdraw their funds though an “emergency withdraw” button if they want to.
Kick Dev:
And yes, on the IDO, the process is automatic. On the KickDex, the user simply clicks “Emergency withdraw BNB” button (on the right)
Mary | Satoshi Club: In the first scenario there is no function when buyer gets hus funds back? Or it depends on the seller decision?
Kick Dev: Correct, on the IDO Launchpad once you purchase the tokens, you have them in your wallet.
Mary | Satoshi Club: Got it, so we have choice just in the second scenario, right?
Kick Dev:
Here is actually a very informative picture, where we can see (BUYER PERSPECTIVE) where the platform shows “how much liquidity will be locked” and “for how long”
Correct.
Mary | Satoshi Club: Yes, visualization always works 😀
Kick Dev: So in this case you can see that 75% of the liquidity will be locked for 1 day :). And these numbers are selected by the seller during the sale setup process.
So no longer do you have to worry about “is the seller going to run away with my money”.
Mary | Satoshi Club: I hope it’s just example 😂
Kick Dev: Frankly, if a presale is not using KickDex, then they are looking to scam you. That’s our narrative. They should all be using Kick, otherwise…. are they trying to rugpull? 😁
Mary | Satoshi Club: Ahaha, great tactics 👏
Kick Dev: So here’s a message to all the listeners, and hopefully we can help protect you:
If you are joining a presale, make sure the seller is using Kick, and not another presale platform! It is much easier to rugpull on these current platforms.
The platform is fully functional and works. There is no excuse anymore to use another platform, unless you want to rugpull.
Mary | Satoshi Club: Thank you for warning 😊
Kick Dev: 😏
Mary | Satoshi Club: Very detailed answers! Ready to go to the next question?😉
Kick Dev: Yes, let’s do it!
Q5 from Telegram user @BeaEvolet
Currently the team is migrating and renewing all the information to its new domain, I really do not understand, why is this domain migration? Has the Kickpad platform had any security problem? What security methods will you implement from now on to ensure the well being of your users?
Kick Dev: Great question as well.
The team has gone through a full rebrand of the entire site, logo, and the whole project in general.
We changed the name, the color scheme, the look of the website, and more. That is the reason for the website change. But good eye for detail!
Mary | Satoshi Club: Yes😀 and what about audits? Did you pass them?
Kick Dev: Yes, we have had 5 audits done. Security is top priority. Our partners were:
Hacken
Zokyo
Solidity Finance
and a few others still in progress, which we will release soon.
Mary | Satoshi Club: Oh, it’s like a wall of audits😀 i really appreciate how you care about security! Btw, can you share some of the audits with our community?
Kick Dev: Yes of course. Let me find some of the files and/or links now.
https://solidity.finance/audits/Kickpad/
Mary | Satoshi Club: Thank you! It’s not often when i see so many audits👍
Kick Dev: When the others are finished too, feel free to request them. These are just 3 of the 5 total. We really took this seriously.
Mary | Satoshi Club: And i have no doubts 😀
Thank you for your answers! And just one 6th question left for this part 😀
Kick Dev: Oh, we just got some news released as well. In addition to our Orion partnership, we are happy to finally release the DuckDAO x KickPad partnership.
https://medium.com/duckdao/kickpad-joins-the-duckdao-ecosystem-as-a-strategic-partner-4b87c0eb3dde
Perfect timing 🙂
I know we hinted at it a few minutes ago, but glad to say we can finally make it public.
Mary | Satoshi Club: Yes! That’s true! Really amazing partnership! You intriguing us, because i understand that it’s just beginning 😀
Look, our last question from this part about partnership😀 we can discuss all your current partnerships there😉
Kick Dev: Yes, we have so much good news to leak over the next few days. We are building it up.
Yes, ask away!
Q6 from Telegram user @belkysgonzalez
KickPad will transition into an IDO Launchpad and incubation platform and will partner with other projects to help them in several areas like marketing. Would you share more about your current partnerships and how they will impact the development of KickPad? You recently announced a partnership with Orion Protocol, so would you tell us about the work you will be doing together?
Kick Dev: Yes. So we have announced partnership with Orion Protocol and DuckDAO for now. We have about 6 more partnerships that we will release over the next few days. Along with 5 really strong advisor names.
We don’t want to leak any information yet, as we want to build it up and coordinate with the partners themselves.
All we’ll say is: these partners are very helpful, have a lot of resources to share with us, and we will be working together very closely.
They’ll help with marketing, incubation, strategy, tech improvements, and more.
Mary | Satoshi Club: So, what is the main sense in partnership with Orion?😀
Kick Dev: We’re super excited, and are really having a hard time keeping all these secrets 🙂
So with Orion, I will link this tweet for more information: https://twitter.com/orion_protocol/status/1371501694459187202?s=21
Mary | Satoshi Club: And it’s really great that you and DuckDAO find each other 👍
Kick Dev: More details will be coming out about this, but we are being selective in the timing of our release.
Yes, another exciting partnership. We are excited for all of them, and will let the community know 1 or 2 partnerships each day leading up to launch.
Mary | Satoshi Club: Surprises every day😀 my notifications on👍
Kick Dev: This is what we are hoping for. Exciting and unexpected partnership announcements each day.
Mary | Satoshi Club: Sure, you will have this👏 and we also have one the most exciting part for you😉
It’s live part 🚀
Do you feel ready for it?
Kick Dev: We cannot wait. Our IDO Partner projects are ready to launch, and we are holding them back now! Can’t wait to let them loose and bring them to the public.
3 projects:
The “brain”
the “fun to play”,
the “very collectible”
😁
Kick Dev: Keeping them secret for now.
Mary | Satoshi Club: We are waiting for it🚀
But we have hints already and someone can solve the puzzle 😉
Kick Dev: We want the listeners to know that we are ready, we have the projects lined up, and we have the partnerships that we think will help us out a lot.
And as for the platforms, just 1 thing I want to add.
Mary | Satoshi Club: Sure👍
Kick Dev: The IDO Launchpad begins in a few days.
However, the current KickDex (rugproof presale platform) is live now. Please urge projects to use Kick instead of the current “presale platforms” because we have created a safer, more transparent presale process.
We hope it can protect even 1 person from being rugpulled. That’s our main goal. So yes, it is live and working.
Mary | Satoshi Club: Sure, we will ask them😉
You will really help people to save their money!
And live part now?😀
Kick Dev: Yep!
Mary | Satoshi Club: Let’s go 🚀
Part 2 — live questions from the Telegram community
Q1 from Telegram user @cengizhantekin
I have seen PancakeSwap on some part of your whitepaper. What is the relation between Kickpad and PancakeSwap?
Kick Dev: We auto-lock liquidity onto pancakeswap.
Q2 from Telegram user @JoanaZ
Apart of have the capacity to conduct presales, KickPad also is able to conduct other types of events like ICOs?
Kick Dev: Yes
Q3 from Telegram user @KabirKapoor9
Hello @Kickdev,
What is your approach toward marketing of KickPad? Is there any seperate department to handle it?
Kick Dev: Yes we have a separate department and dedicated partners and team members for this
Q4 from Telegram user @KabirKapoor9
Hello @Kickdev,
Could you please give us an overview of tokenomics? Will team burn, issue or mint kickpad native token in future?
Kick Dev: all team/presale tokens will be locked and vested over up to 28 months
Kick Dev
Q5 from Telegram user @Boylut
Has any project shown interest in your launchpad?
Kick Dev: Yes, we have 3 projects lined up already, and tons are messaging us each day. The first 3 we have are:
-a project that has a “brain”/”thinks”
-a project that is “fun to play”
-a project that is “rare and collectible”
That’s all we can say.
Q6 from Telegram user @Indomiekuy
Kick Finance offer a liquidity lock for a project who doing token presale. But from what i know, every DEFI project can lock their token using a smart contract and that possible to verified by all people. So Why would project need to lock it using a 3rd party service?
Kick Dev: yes, all projects can lock their tokens.
What we do is, during a presale, we eliminate the chance of the seller to run away with your money, without adding and locking liquidity to an exchange.
Imagine, you send 1 BNB to a seller and they can run away with your 1 BNB.
But with KickDex, the seller is FORCED to add 0.5 BNB to pancakeswap and lock it. So they cannot steal that liquidity.
Q7 from Telegram user @ smelekin
Why your website kickpad.org is not opening right now?
Kick Dev: We are currently finishing up the rebranding that I was discussing earlier.
The current correct links are:
thekickdex.com (rugproof presales)
thekickpad.com (IDO)
t.me/kick_pad
twitter.com/kickpad_org
Q8 from Telegram user @mctrho
There is very little information about KickPAD, and it is urgent in a project that is in its infancy to offer users enough information to generate interest, when do you plan to launch an exclusive website to provide information about KickPAD? And do you plan to release a whitepaper soon? @Kickdev
Kick Dev:
Attached is our whitepaper. Some things to update, such as only $75k public sale/whitelist. Not 200k.
Q9 from Telegram user @Tony253210
KickPad is a very interesting platform to do any kind of Launchpad, but considering the current amount of scammers in defi, how do you guarantee that fake tokens will not try to use your platform to obtain Investors?
Kick Dev: Good question. The process is strict. It is stringent. And it is aimed at transparency.
Teams will have to:
-Complete 2 audits
-Pass a preliminary manual overview
-Pass an interview
-Make all code public
-Pass through a committee overview process
In addition to an overview of their tokenomics/potential business success.
Q10 from Telegram user @Alberto_vzla
I understand that the KICK PAD smart contracts reduce a series of obstacles in order to win investors. Is your liquidity lock automatic or does it work based on other variables? At what point in time do these locks happen?
Kick Dev: The KickPad smart contracts do lock the liquidity in a very smart way. Here’s how it works:
-Seller creates sale
-Buyers give BNB into the sale
-Seller must FIRST click a button that sends tokens and BNB to pancakeswap and creates a liquidity pool
-The LP Tokens are automatically sent to the Kick lockup contract
-Only after all of this, can a seller withdraw the remaining BNB.
So they are forced to add and lock liquidity BEFORE they can retreive their BNB from the sale.
Part 3 – Quiz Results
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.
For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club/
Russian Telegram group: https://t.me/satoshi_club_ru/
Spanish Telegram group: https://t.me/satoshi_club_spanish/
Telegram Channel: https://t.me/satoshi_club_channel/
Twitter: https://twitter.com/realsatoshiclub/
Website: https://esatoshi.club/
Our partners:
Telegram: http://t.me/kick_pad/
Twitter: http://twitter.com/kickpad_org/
Websites: http://kickpad.org/